Markets. The shanghai comp reverses early losses and closes higher. This as the imf is adding the chinese currency to its volatile basket. Japans pension plan having a huge loss. Good morning, everyone. Lets get straight back to our top story. World leaders have been arriving at the venue of the comp 21 Climate Summit. French president hollande is welcoming 150 policy makers. President obama, xiin pi have arrived already. Chinese president said its very important for the u. S. And china to follow the principle of nonconfrontation. He said the World Economy is recovering slowly. Now on to president obamas comments. As he walked in he says hes looking forward to working on the tensions, the tensions that hes talking about are the following. He notes differences with china on cyber security, maritime issues and he says that u. S. And china leadership on Climate Change is vital. Lets get out to Steve Sedgwick in paris. Steve, any comments . Reporter yeah, i think its very interesting that
I am mark barton. I am anna edwards. The time is 7 00. Stay with countdown today. We will get earnings, coming any minute now. Do not miss a conversation with the ceo Diego Hernandez. That will be a first on bloomberg interview. And an earnings and sales update, coming up. Chatting with john rogers and a half hours time. Do not miss that today. We will start with the numbers from chile. I will give it a top line, as i see it. The fullyear revenue down 11 . Billion,s with over 5 final dividend. We expected revenue to fall last year because of one thing, if youre going to choose one thing. That is the price of copper. If you look at some of the averages, it was seven percent lower than one year earlier. It is about what happens going forward. Forward, you have copper down 11 . Last year, not good. 30. 1 on the year. It is about how this plays out. There in the margins, earning margins. Yearslast yours numbers. This year not looking any better. Earningsl have the with the ceo coming up. H